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Q. Top That manufactures baseball-style hats. Material is introduced at the beginning of the process in the Cutting Department. Conversion costs are incurred (and allocated) uniformly throughout the process. As the cutting of material is completed, the pieces are immediately transferred to the Sewing Department. Data for the Cutting Department for the month of February 2009 follow: Work-in-process, January 31-50,000 units 100% complete for direct materials; 40% completed for conversion costs actual costs of direct materials, s70,500; actual costs of conversion, $34,05o Units started during February, Units completed during February Work-in-process, February 28 100% complete for direct materials, 20% completed for conversion costs Direct materials added during February [actual costs] $342,000 Conversion costs added during February [actual costs $352,950 225,000 200 75,o00 units ,00O
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Step1 Calculating equivalent units Weighted average method 1 Equivalent units of Effort Material Beginning Invento Unit started this period Unit to be accounted for 50000 225000 275000 Conversion cost Unit Started and completed Ending Inventory Unit Accounted for/ 200000 200000.00 75000 75000.00 275000 275000.00 100% 100% 200000.00 15000.00 215000.00 100% 20% Equivalent Unit Calculation cost per unit Cost to be accounted for Beginning Invento Added Cost to be accounted for Cost per Eup Current period cost Cost to be accounted for EUP Cost per Equivalent unit Step 2 Material Conversion cos Total $70,500.00 342,000.00 $412,500.00 $34,050.00 $352,950.00 $387,000.00 $799,500.00 $412,500.00 275000 $1.50 $387,000.00 215000 $1.80 Unit completed and transfrerred out Costs accounted for Step 3 Material Conversion cost Material 200000 units * $1.50 $300,000 Convesion cost 200000 units $1.80 Cost for complite and transferred $360,000 $360,000$660,000 $300,000 Step 4 Ending work in prorcess Material Conversion cost EUP Cost per unit Cost for ending Work in progress 75,000 $1.50 $112,500 15,000 $1.80 $27,000$139,500

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